What is BOC Kenya Earnings Yield (Joel Greenblatt) %?
BOC Kenya's Enterprise Value for the quarter that ended in Dec. 2022 was KES1,113 Mil.
BOC Kenya's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was KES214 Mil. BOC Kenya's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2022 was 19.27%.
The historical rank and industry rank for BOC Kenya's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NAI:BOC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.7 Med: 16.71 Max: 28.04
Current: 15.68
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of BOC Kenya was 28.04%. The lowest was 7.70%. And the median was 16.71%.
NAI:BOC's Earnings Yield (Joel Greenblatt) % is ranked better than 89.73% of 1578
companies
in the Chemicals industry
Industry Median: 3.885
vs NAI:BOC: 15.68
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. BOC Kenya's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 was 9.86%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
BOC Kenya Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for BOC Kenya's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
BOC Kenya Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of BOC Kenya's Earnings Yield (Joel Greenblatt) %
For the Chemicals subindustry, BOC Kenya's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BOC Kenya's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, BOC Kenya's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where BOC Kenya's Earnings Yield (Joel Greenblatt) % falls into.
BOC Kenya Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
BOC Kenyas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
BOC Kenya (NAI:BOC) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
BOC Kenya Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of BOC Kenya's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
BOC Kenya PLC is engaged in the manufacture and sale of industrial gases, medical gases, and welding products. The company's segment based on regions consists of Kenya, Tanzania, and Uganda. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, and special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates majority of its revenue from the sale of medical and industrial gases.
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